DeHeng Assists PAMICA in a Successful Listing on the Shenzhen Stock Exchange Main Board
2024-03-29
On March 28, 2024, Pamica Electrical (Hubei) Co.,Ltd. (hereinafter referred to as "Pamica" stock code: 001359) successfully went public on the Shenzhen Stock Exchange, marking it as the first company in Hubei Province to achieve a successful listing on the main board under the comprehensive registration system. Pamica issued 46.38 million new shares at a price of 17.39 RMB per share, raising a total of 806.5482 million RMB.
Specializing in the research and development, production, and sales of mica insulating materials, glass fiber fabrics, and new energy insulating materials, Pamica is committed to providing professional high-temperature insulating material products and technical services to customers worldwide. It is one of the leading enterprises in the global mica insulating materials industry.
Pamica has consistently advanced technological innovation and high-quality development, continuously expanding its product range upstream and downstream. The company has established a complete solution from mica raw materials to various mica insulating material products, as well as an industry-leading industrial scale. In line with the national strategic goals of carbon neutrality and peak carbon emissions, Pamica adheres to green development concepts, actively researching and promoting the rapid development of insulating materials for new energy vehicles, energy storage systems, and wind and photovoltaic power. In November 2021, Pamica was awarded the certificate of "Manufacturing Single Champion Demonstration Enterprise" jointly issued by the Ministry of Industry and Information Technology and the China Federation of Industrial Economics. Its products are widely used in fields such as wire and cable, household appliances, new energy vehicles, energy storage systems, wind and photovoltaic power, and rail transit, with major clients including large enterprises like Shangshang Cable, Contemporary Amperex Technology Co. Limited (CATL), Tesla, and Xiaopeng Motors.
As the issuer's legal counsel for this IPO project, DeHeng Law Offices formed a project team led by lawyers Pu Hong, Xu Shuai, and Tang Hailong from the Shenzhen office, along with Sun Jingqu, among others. The team provided comprehensive, professional, efficient, and high-quality legal services for the project. Moving forward, DeHeng will continue to provide superior legal services to clients, supporting their rapid development.
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